16th Jun 2014 06:41
LONDON (Alliance News) - Cloudbuy PLC Monday said it doesn't know why its share price has declined recently, and it is expecting to win a number of significant contracts in the next few months after its prospects and leads accelerated ahead of plan.
In a statement, the e-procurement company said it is pursuing a number of significant opportunities in Australia, New Zealand, Hong Kong, China, India, South Africa, the US and Canada, along with major opportunities in the UK, specifically in education, defence, health and social services.
"I am delighted with the progress we have made since we raised the GBP5 million in October 2013. Last week we visited a major multinational who believes that our marketplace model is the future of procurement, and I expect to see a take off in our contract wins shortly," Chairman Ronald Duncan said.
Cloudbuy's shares have been in a downward trend since the end of April, and fell sharply Friday to close at 28.25 pence.
By Steve McGrath; [email protected]; @SteveMcGrath1
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
CBUY.L